Tiebreaker: Certification and Multiple Credit Ratings

Material TypeArticleLanguageEnglish
TitleTiebreaker: Certification and Multiple Credit Ratings Author(S)DION BONGAERTS (Author)
Abstract  This paper explores the economic role credit rating agencies play in the corporate bond market. We consider three existing theories about multiple ratings: information production, rating shopping, and regulatory certification. ...Paginationp 113–152
SubjectEconomicsDescriptorsEconomics
Journal TitleThe Journal of Finance  
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